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News Topical, Digital Desk : Seven people were killed in an accident at a gold mine in China's eastern Shandong province, with state media CCTV reporting that authorities have launched an investigation, sending shares of the company behind the mine, Zhaojin Mining Industry, plunging 6% on Tuesday. The accident occurred on Saturday when a cage fell into a mine shaft.

Investigation into the accident has begun

The Emergency Management and Public Security Department are investigating the cause of the accident, trying to determine if there was any attempt to cover it up. According to the Qichacha Company Registry, the mine is owned by Zhaojin Mining Industry, a major gold producer. The company's shares reportedly fell 6.01%.

According to Reuters, the matter is under investigation. There have been no major updates so far. China's Emergency Management Ministry held a meeting on Monday to prevent accidents during the upcoming Lunar New Year holidays. It announced inspections of mines, chemical companies, and other hazardous operations.


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China gold mine accident Shandong mine tragedy Zhaojin Mining Industry mine shaft collapse mining safety China seven dead mine emergency management China Lunar New Year safety Stock Market Impact China mining investigation